On May 3, the Arizona Court of Appeals affirmed the state superior court’s decision to uphold Arizona’s Predatory Debt Collection Act (the “Act”) after being challenged by judgment creditors.
Our economy and our financial system don’t work for the public when there are laws on the books that simply go unenforced. This isn’t just bad for consumers, it’s bad for the honest businesses that play by the rules. We saw the results of this in a devastating financial crisis that cratered the economy.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today sued the online lending platform SoLo Funds for deceiving borrowers about the total cost of loans. The CFPB alleges that SoLo markets itself as a consumer-friendly alternative to high-cost, short-term loans.
On May 15, 2024, the Federal Trade Commission Chair Lina M. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Governmentto discuss the agency’s FY 2025 budget request and ongoing work to promote open, competitive markets and protect American consumers and businesses from fraud.
CHICAGO, May 16, 2024 /PRNewswire/ -- Alliant Credit Union, one of the largest credit unions in the nation, announces the launch of SBL Edge, a lending platform designed for small balance commercial real estate borrowers in the multifamily, manufactured housing and self-storage sectors.
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